ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

Technology 93

Technology Tax audit Sales 93

CPA Practice

APRIL 11, 2023

This article first appeared on the Thomson Reuters blog.] Improve efficiencies A complex regulatory environment, rise in client expectations, and greater competition means that today’s accounting professionals need to work smarter and faster. Staff is spending too much time on tax research and keeping pace with legislative changes.

Technology 105

Technology accounting firms tax return Tax 105

ThomsonReuters

AUGUST 2, 2022

With many tax and accounting professionals choosing to take a break or pursue other passions, smaller firms are finding that remaining team members are wearing multiple hats and are at risk of burnout. Increasing productivity with tax technology. So, how can tax technology boost the agility of your firm?

Technology 98

Technology Tax Non-Profits tax preparation 98

DuctTapeMarketing

JULY 31, 2018

Professional Services Marketing. Professional Services. Contact Us Contact Our Team. How Cloud-Based Accounting Software Can Benefit Your Business. How Cloud-Based Accounting Software Can Benefit Your Business. Take the same security precautions that you would for any other cloud-based service. 0 Comments.

accounting software 147

accounting software Account accountant accounted 147

ThomsonReuters

JULY 11, 2023

Firms are faced with the external challenges of meeting new client demands, increasing compliance pressures, and tax law changes. They are also experiencing an internal struggle to cope with the decreasing talent pool and growing need to use technology to stay efficient.

Technology 73

Technology Account accountant accounted 73

ThomsonReuters

AUGUST 10, 2023

Charting a smooth course, either on the open seas or at your audit firm, is an exciting opportunity for explorers and tax professionals alike. have a “digital transformation strategy” already in place, notes Boston University’s (BU) The Blog Chain. As such, unsurprisingly, 70% of all companies in the U.S.

audit 97

audit Technology Tax Account 97

ThomsonReuters

JUNE 9, 2023

In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. We’ll discuss the importance of establishing an audit engagement process, leveraging cloud-based solutions, and identifying transformative technologies. How do you ensure audit compliance?

audit 98

audit Non-Profits Technology auditor 98

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guidance. Preparing tax returns. How can accountants be more efficient?

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

AUGUST 24, 2023

Jump to: What is tax depreciation? How to calculate tax depreciation What are the tax depreciation methods? But depreciation can quickly become complex and cumbersome as tax professionals navigate which asset s can be depreciated for tax purposes, how to calculate tax depreciation, and any state-level nuances that may arise.

Tax 87

Tax business tax tax return Account 87

ThomsonReuters

JUNE 16, 2023

That is a question many accounting firms should consider as they look to remain competitive, better serve clients, and expand bandwidth in today’s challenging environment. Advancements in technology continue to have a significant impact on how accounting professionals work and serve their clients. Change is not easy.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

AUGUST 3, 2023

The industry is already seeing a trend toward client service expanding beyond the scope of tax reporting to stakeholder reporting, tax optimization advice, and business performance analysis. Changes to indirect taxes are raising questions and organizational challenges.

Technology 98

Technology accounting firms Tax Account 98

ThomsonReuters

APRIL 18, 2023

For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. However, the survey also uncovered the need for many organizations to modernize their approach to payroll as just over half (54 percent) of respondents said they use cloud-based technology to process payroll.

payroll 107

payroll payroll tax Tax audit 107

ThomsonReuters

AUGUST 1, 2022

The public perception of accountants is typically described as compliance processors or number crunchers—people who balance books and prepare tax returns. Unfortunately, this limited view clouds the true value of accounting professionals and can lead to some people choosing do-it-yourself tax software.

tax return 97

tax return Tax Account accountant 97

CPA Practice

JULY 28, 2023

By Gail Cole Is sales tax based on shipping address or billing address? Understanding how sales tax works is fundamental for every retailer. If you’re doing business in a state with a sales tax, you may know you need to register for sales tax, then collect and remit tax as required by law.

Sales 98

Sales Tax Retail New Mexico 98

ThomsonReuters

JANUARY 12, 2023

If you work in the professional services sector, you’re well aware of the rise of automation. For those of us in the tax and accounting profession, we’ve witnessed the amazing time savings and efficiency automation can bring—and audit is no exception. . The same holds true for audit technology. .

Technology 52

Technology audit auditor Tax 52

ThomsonReuters

JANUARY 3, 2023

The call for a greater work-life balance is not new among professionals across many industries. Auditors who are less likely to have their judgement impaired due to long working hours are more likely to detect and reduce clients ’ use of within-GAAP accrual manipulation to report higher earnings. . Auditors are no exception.

auditor 59

auditor audit Technology Gaming 59

ThomsonReuters

MARCH 2, 2023

Working relationships, especially between a professional and their clients , should also follow this path to ensure a healthy bond. During tax season , these demands can be especially stressful given the large workload and long hours. During tax season , these demands can be especially stressful given the large workload and long hours.

Account 59

Account accountant accounted tax return 59

ThomsonReuters

AUGUST 25, 2023

Jump to: What is tax depreciation on rental property? How is depreciation taxed on the sale of rental property? How do you avoid depreciation recapture tax on rental property? There are also tax benefits to be gained. million American tax filers declared rental income in 2019.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

FEBRUARY 24, 2023

Furthermore, accounting professionals are highly trusted advisors. “They believe the accounting profession is going through a major transformation. However, utilizing a variety of cloud-based applications and managing data across those applications can be difficult without the right tools in place.

accounting firms 59

accounting firms Account accountant accounted 59

ThomsonReuters

DECEMBER 20, 2022

In the past few years, indirect tax specialists have had to deal with the Covid pandemic, Brexit, an ever-changing landscape of rules and regulations, budget tussles, hiring difficulties, and numerous other challenges. The professional terrain is no less rocky heading into 2023. How to bring value to the table. Evolving and adapting.

Tax 59

Tax Technology Maine Account 59

ThomsonReuters

MAY 19, 2022

Underscoring this point, HubSpot’s Annual State of Service in 2022 report found that 88 percent of customer service professionals surveyed believe customers have higher expectations than they did in previous years. This is especially true given today’s complex business environment and the ever-changing tax laws. How can we improve?

Tax 105

Tax tax return accounting and finance accounting firms 105

ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff.

Tax 98

Tax Technology tax preparation tax return 98

ThomsonReuters

AUGUST 25, 2023

What is tax depreciation? What are the differences between book and tax depreciation? What is book-to-tax reconciliation? Managing book and tax depreciation with software Depreciation. machinery, equipment, and tools for business use) that is allocated over the useful life of that asset.

Tax 52

Tax tax return accounting principles Account 52

ThomsonReuters

DECEMBER 20, 2021

Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. From tax software geared toward small firms to curated news and insights for firm owners, the barriers to starting your own CPA firm have never been lower.

accounting firms 52

accounting firms Account accountant accounted 52

ThomsonReuters

AUGUST 2, 2022

A notable portion of today’s accounting curriculum in college is dedicated to teaching aspiring accountants how to use current accounting technology. When Gen Z talent head out into the real world, they have an expectation that their employers will be using—at a minimum—the tools they learned in school.

Account 97

Account accountant accounted Technology 97

Going Concern

JUNE 9, 2023

A worker in Spain wondered whether the bonus of $20,000 euros she received would be taxed. Another employee asked what requirements he would have to abide by if he went to work in a United Arab Emirates country as a foreign national.

payroll 56

payroll Tax Technology 56

ThomsonReuters

JUNE 15, 2023

Increased focus on ESG There are a number of issues and challenges around ESG that tax and accounting firms need to consider. Talent acquisition and retention Attracting and retaining top talent in the tax and accounting industry can be a challenge. Here is a brief summary of the top five: 1.

audit 96

audit auditor Education Tax 96

Snyder

NOVEMBER 17, 2022

No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. We’ve compiled some great examples of accounting blogs to help you stay up to date on breaking news, the latest accounting software, cloud accounting, taxes, finance trends and so much more.

Account 52

Account accountant accounted bookkeeping 52

ThomsonReuters

MARCH 30, 2021

And that’s one of many reasons it pays to review cloud technology and what it means to tax and audit firms. However, the cloud has the power and security to pull it off. If you think the cloud is strictly limited to the workplace, guess again. Here are three things you need to know about why it pays to work in the cloud.

audit 52

audit Technology accounting and finance Tax 52

inDinero Accounting

DECEMBER 13, 2021

QuickBooks and Netsuite Oracle are two popular cloud-based accounting management softwares that can help manage your day-to-day finances. Accounting software often offers cloud-based storage to protect you from a data breach. You can also create monthly, quarterly, or annual sales reports to track profits and help with taxes.

NetSuite 105

NetSuite accounting software quickbooks Account 105

Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. For small businesses today, web-based accounting software takes the cake in terms of ease of use and automation.

accounting software 98

accounting software quickbooks Account accountant 98

Xero

OCTOBER 20, 2022

Now, the team is using cloud accounting software to drive efficiency and better serve clients, with the goal of steering this long-standing practice into a paperless future. . My parents had been using the same software for around 25 years. He tells us, “Xero is so user friendly. The journey to Making Tax Digital.

Account 84

Account accountant accounted income tax 84

ThomsonReuters

JULY 8, 2021

Long gone are the days of sitting around a conference table, cutting coupons for extensions and estimates, copying tax returns, collating, stapling, and putting them in the mail. Employees want to put their time to good use and do meaningful work that has an impact on the firm. . Business Continuity . What will they see?

Technology 52

Technology Tax Texas tax return 52

DuctTapeMarketing

JULY 24, 2018

Professional Services Marketing. Professional Services. Contact Us Contact Our Team. When payroll is handled in-house, you need the appropriate software to support the job, an employee who has hours to dedicate to the process each week, and a keen understanding of tax laws and employer obligations. Strategy First.

payroll 142

payroll accounting and finance Start-ups Tax 142

ThomsonReuters

DECEMBER 20, 2021

National Society of Tax Professionals ?(NSTP). That said, your small accounting firm is at a huge disadvantage if you aren’t using the latest in tax software to keep your business operating smoothly. With today’s technology, there are many ways small firms with limited resources can use software to drive efficiencies.

accounting firms 52

accounting firms Account accountant accounted 52

ThomsonReuters

NOVEMBER 8, 2022

The answer lies in implementing an end-to-end tax workflow automation solution backed by an integrated technology ecosystem. Identify all the steps in your tax workflow process, including all systems and software you and your staff use on a daily basis. Standardize your tax workflow. Tax preparation. The result?

Technology 105

Technology Account accountant accounted 105

Ryan Lazanis

APRIL 18, 2023

Benefits of Artificial Intelligence How is AI Used in Accounting? How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting? 3) Improved Customer Experience Using ChatGPT to draft emails can save you time. Table of Contents What is AI in Accounting? Can AI Replace Accountants?

Account 96

Account accountant accounted Technology 96